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Feb 21, 2024 · Briefing Room. Statements and Releases. Today, President Biden announced the approval of $1.2 billion in student debt cancellation for almost 153,000 borrowers currently enrolled in the Saving...
Feb 21, 2024 · All borrowers on SAVE receive forgiveness after 20 or 25 years, depending on whether they have loans for graduate school. The benefit is based upon the original principal balance of all Federal loans borrowed to attend school, not what a borrower currently owes or the amount of an individual loan.
Aug 24, 2022 · August 24, 2022. FACT SHEET: President Biden Announces Student Loan Relief for Borrowers Who Need It Most. Briefing Room. Statements and Releases. A three-part plan delivers on President...
Aug 25, 2022 · Biden announced Wednesday that his administration will forgive $10,000 for borrowers who make less than $125,000 per year. Low-income borrowers who went to college on Pell Grants will receive...
Jan 19, 2024 · The Biden-Harris Administration announced today the approval of $4.9 billion in additional student loan debt relief for 73,600 borrowers. These discharges are the result of fixes made by the Administration to income-driven repayment (IDR) forgiveness and Public Service Loan Forgiveness (PSLF).
Oct 17, 2022 · Biden's student loan forgiveness application form is here: How to apply now. By Jennifer Earl. Updated on: October 17, 2022 / 4:52 PM EDT / CBS News. You can now officially apply for...
Apr 9, 2024 · Biden’s first attempt at widespread student loan cancellation would have erased $10,000 for borrowers with yearly incomes of up to $125,000, plus an additional $10,000 if they received federal Pell grants for low-income students. It was estimated to cost $400 billion and cancel at least some student debt for more than 40 million people.
